Travel Agency Business Market Set to Surge - Key Insights You Must Know

Travel Agency Business Market Size

The global market for Travel Agency Business was valued at US$ 181100 million in the year 2024 and is projected to reach a revised size of US$ 316040 million by 2031, growing at a CAGR of 8.4% during the forecast period.

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A travel agency is a private retailer or public service that provides travel and tourism related services to the public on behalf of suppliers such as activities, airlines, car rentals, cruise lines, hotels, railways, travel insurance, and package tours.

In 2022, the gradual relaxation of epidemic prevention and control measures around the world will have a positive impact on the rapid recovery of the tourism industry. According to data from the World Tourism Organization, the number of global travelers exceeded 900 million in 2022, a two-fold increase compared to 2021. In 2022, international tourism revenue returned to the US$ 1 trillion, a real increase of 50% compared with 2021. According to data from the Ministry of Culture and Tourism of China, in 2022, the total number of domestic tourists was ¥ 2.53 billion, and the domestic tourism revenue (total tourism consumption) was ¥ 2 trillion.

By Type
• Accommodation Package
• Accommodation Not Included

By Application
• Online Sales
• Offline Sales

Key Companies
Booking, Viator, Trip.com, Expedia Groups, Booking Holdings, BCD Travel, World Travel, Despegar, Global Work and Travel Company, Vantage Deluxe, Global Vacation Network, Zicasso, Travelocity, Hotels, Thomas Cook

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